Russia’s central bank on Tuesday hiked its key interest rate from 8.5 to 12 percent, after the ruble crashed to a more than 16-month low against the dollar. “This decision was taken in order to limit the risks to price stability,” the central bank said, after convening for an extraordinary meeting earlier in the day. […]
Russia’s central bank on Tuesday hiked its key interest rate from 8.5 to 12 percent, after the ruble crashed to a more than 16-month low against the dollar. “This decision was taken in order to limit the risks to price stability,” the central bank said, after convening for an extraordinary meeting earlier in the day. […]
The post Russian central bank hikes key rate after ruble falters appeared first on Insider Paper.
https://insiderpaper.com/russian-central-bank-hikes-key-rate-after-ruble-falters/
Comments
0 comment